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A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________. a equal to 12% b equal to 10% c

A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________.

a

equal to 12%

b

equal to 10%

c

lower than 12%

d

Not enough information.

e

greater than 12%

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